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Nonprofiteer
← WEST LAKES HWC INC

Form 990 for tax year 2024

Filed by WEST LAKES HWC INC.

Totals

Total revenue
$872,421
Total expenses
$1,452,397
Contributions and grants received
$304,547
Grants paid
$0
Program service revenue
$567,516
Investment income
$0
Other revenue
$358
Total assets, end of year
$16,180,071
Total liabilities, end of year
$15,057,597
Net assets or fund balances, end of year
$1,122,474
Program services expenses (Part IX)
$1,452,397
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,452,397

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $304,547

  • 1g · Noncash contributions included above

    $4,547

  • 2a · Program service revenue: LEASE REVENUE

    total $567,516 · related or exempt $567,516

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $358 · excluded $358

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $358

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $24,000 · program services $24,000

  • 11b · Fees: legal

    total $1,537 · program services $1,537

  • 11c · Fees: accounting

    total $33,795 · program services $33,795

  • 11g · Fees: other

    total $32,674 · program services $32,674 · management and general $0 · fundraising $0

  • 14 · Information technology

    total $2,504 · program services $2,504

  • 16 · Occupancy

    total $295,468 · program services $295,468

  • 20 · Interest

    total $194,745 · program services $194,745

  • 22 · Depreciation, depletion and amortization

    total $822,511 · program services $822,511

  • 24a · Other expenses: GROUND LEASE

    total $33,906 · program services $33,906

  • 24b · Other expenses: BANK CHARGES & FEES

    total $10,030 · program services $10,030

  • 24c · Other expenses: MISCELLANEOUS EXPENSE

    total $1,106 · program services $1,106

  • 24d · Other expenses: TAXES & LICENSES

    total $121 · program services $121

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $534,946 · end of year $592,973

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,977 · end of year $7,814

  • 10a · Land, buildings and equipment: cost or other basis

    $15,470,996

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,145,268

  • 10c · Land, buildings and equipment, net

    beginning of year $14,884,764 · end of year $14,325,728

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $1,302,417 · end of year $1,253,556

  • 17 · Accounts payable and accrued expenses

    beginning of year $167,582 · end of year $173,726

  • 19 · Deferred revenue

    beginning of year $1,177,432 · end of year $1,016,959

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $12,671,635 · end of year $12,696,027

  • 25 · Other liabilities

    beginning of year $1,011,005 · end of year $1,170,885

  • 27 · Net assets without donor restrictions

    beginning of year $1,702,450 · end of year $1,122,474

Mission and programs · 2024

Mission

WEST LAKES HWC, INC. IS A SUPPORTING ORGANIZATION OF LIFT ORLANDO FOR THE PRIMARY PURPOSE OF THE CONSTRUCTION AND OPERATING OF A HEALTH AND WELLNESS CENTER KNOWN AS THE HEART OF WEST LAKES WELLNESS CENTER.

Activities or mission (Part I)

SUPPORTING ORGANIZATION OF LIFT ORLANDO FOR THE PRIMARY PURPOSE OF THE CONSTRUCTION AND OPERATING OF A HEALTH AND WELLNESS CENTER KNOWN AS THE HEART OF WEST LAKES WELLNESS CENTER.

  • WEST LAKES HWC, INC. WAS INCORPORATED ON APRIL 20, 2021 FOR CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CLASSIFIED AS A SUPPORTING ORGANIZATION TO LIFT ORLANDO, INC. WEST LAKES HWC, INC. PERFORMS AND CARRIES OUT THE EXEMPT PURPOSES OF LIFT ORLANDO, INC. SPECIFICALLY, THE PRIMARY PURPOSE OF WEST LAKES HWC, INC. IS THE CONSTRUCTION AND OPERATION OF A HEALTH AND WELLNESS CENTER KNOWN AS THE HEART OF WEST LAKES WELLNESS CENTER (HEART). IN JUNE OF 2021, WEST LAKES HWC SECURED NEW MARKETS TAX CREDITS TO PROVIDE THE FINAL FUNDING NEEDED TO FINANCE THE CONSTRUCTION OF THE HEART OF WEST LAKES WELLNESS CENTER. THE HEART OPENED IN JUNE 2023 AND IS A RESIDENT-FOCUSED CENTER, DESIGNED TO STRENGTHEN THE COMMUNITY BY PROVIDING CONVENIENT ACCESS TO HOLISTIC HEALTH, FINANCIAL, AND LIFESTYLE SERVICES UNDER ONE ROOF. THE TWO-STORY FACILITY IS A SPACE FOR RESIDENTS TO CONNECT, LEARN, AND THRIVE, AND FEATURES FIRST-CLASS AMENITIES PAIRED WITH DECOR THAT PAYS HOMAGE TO THE COMMUNITY'S RICH HISTORY. ON THE FIRST FLOOR, RESIDENTS CAN ACCESS LEGACY CAFE, THE WEST LAKES FINANCIAL WELLBEING CENTER, THE FLORIDA BLUE CENTER ORLANDO WEST LAKES, THE HEART OF WEST LAKES EVENT SPACE, AND GREEN SPACES. ON THE SECOND FLOOR, COMMUNITY HEALTH CENTERS (CHC) PROVIDES COMPREHENSIVE HEALTHCARE SERVICES AND A PHARMACY, OFFERING A VITAL, NEW RESOURCE TO COMBAT THE AREA'S EXTREME LACK OF ACCESS TO HEALTHCARE SERVICES. THIS FLOOR IS ALSO HOME TO THE OFFICES OF LIFT ORLANDO AND ELEVATE ORLANDO.

    Expenses $1,452,397 · Revenue $567,516

As filed on the 2024 return.

Listed in Part VII

  • Bob Miles

    BOARD MEMBER, TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Edward Moratin

    PRESIDENT

    Total calculated
    $206,063
    From this org
    $0
    From related orgs
    $172,642
    Other
    $33,421
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $172,642 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,200 related
    Nontaxable benefits
    $0 + $26,221 related
    Filer's total
    $0 + $206,063 related

  • David L Brewer III

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mark Shamley

    VP/BOARD MEMBER

    Total calculated
    $204,967
    From this org
    $0
    From related orgs
    $195,526
    Other
    $9,441
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $169,493 related
    Bonus
    $0 + $26,033 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $9,441 related
    Filer's total
    $0 + $204,967 related

  • Paul C Perkins Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE EXECUTIVE COMPENSATION WAS REVIEWED AND APPROVED BY THE BOARD OF A RELATED ORGANIZATION, LIFT ORLANDO INC. IN ORDER TO DETERMINE A FAIR AMOUNT, THE FOLLOWING METHODS WERE USED TO ESTABLISH COMPENSATION: - COMPENSATION COMMITTEE - WRITTEN EMPLOYMENT CONTRACT - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • WEST LAKES PHASE I LP

    N/A · PROPERTY MANAGEMENT · FL

    Directly controlled by NA

  • WEST LAKES PHASE II LP

    N/A · PROPERTY DEVELOPMENT · FL

    Directly controlled by NA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • LIFT ORLANDO GP LLC

    C Corporation · MANAGEMENT · FL

    Directly controlled by NA

  • LIFT ORLANDO PHASE II SLP LLC

    C Corporation · DEVELOPMENT · FL

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
8 October 2025
IRS schema version
2024v5.1
Source object
202512819349300506

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